#数字资产市场动态 Late at night, my phone kept vibrating—A friend sent an urgent voice message: "I placed a 10,000 yuan order, full margin with 50x leverage, just a 3% pullback and my account was wiped clean! I didn't even have time to react!"

I looked at his position screenshot, and the entire trading record was one word: Absolute. He bet 9,500 yuan in full, without even setting a basic stop-loss.

**1. The real killer isn't leverage; it's overexposure in position size**

Many people always blame leverage, but leverage is just a tool. The true culprit is the habit of "over-committing."

A comparison with a 1,000 yuan account makes this clear:

If 900 yuan is used to open a 10x leverage position, a 5% adverse move will wipe out the account; conversely, using only 100 yuan to open a 10x leverage position requires a 50% move against to blow up.

My friend’s problem was putting 95% of his principal all in at once. Even with just 10x leverage, a slight pullback was enough to push him out of the market. This isn’t leverage’s fault; it’s a failure in position management.

**2. Three key strategies that allowed me to avoid liquidation and double my account in half a year with full positions**

Using full positions isn’t a taboo; the key is to master the correct approach. I’ve avoided countless liquidation traps with these three principles:

**Single position not exceeding 20% of total funds**

For a 10,000 yuan account, the maximum single investment is 2,000 yuan. Even if you’re wrong and get stopped out with a 10% loss, you only lose 200 yuan, which is manageable, and you can quickly get back in the game.

**Set a loss cap at 3% of total funds per trade**

For example, with 2,000 yuan at 10x leverage, set a stop-loss at 1.5%, which triggers a 300 yuan loss—exactly 3% of total funds. Even if you make several wrong calls, you can withstand it and keep the confidence to bounce back.

**Never trade sideways markets; do not add positions after profits**

Only look for breakout opportunities; even in choppy markets, stay on the sidelines. After entering a trade, regardless of profit, do not add to the position—this is the strongest safeguard against emotional trading.

**3. The essence of full position is to leave enough buffer for market fluctuations**

Many treat full positions as a "small bet for big gains," but they forget its true purpose—leaving enough room for market volatility.

And this buffer capacity always depends on two fundamentals: "light position testing + strict risk control."

A trader friend of mine used to blow up his account every month and lose money monthly. After adjusting his approach according to this logic, he grew his 5,000 yuan account to 8,000 yuan in three months. He later said, "I used to think full position was a reckless gamble; now I realize—full position is actually about surviving longer in the market."